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lew the individual and what jack lew has stood for historically in his career and more about this administration's fiscal policy you can expect to see these confirmation hearings will be a proxy for the looming debt ceiling debate and other debates going forward about the administration's fiscal plan. >> woodruff: jared, whator all does this choice say about what the president's priorities are when it comes to the economy? >> i think it says two things. one is that the president wants jack lew there for these upcoming fiscal deadlines. the sequestration, the debt ceiling, things like that. he knows that jack is not just a tough negotiator and i think this next point has gotten mixed he's a successful negotiator. i know republicans are complaining because he took a tough line back in 2011 with a lot of tea party folks but in fact he's been closing deals for 30 years the second thing is jack understands what it means, a very important part of the president's second term agenda. he understands what it means to get our debt on a sustainable trajectory. there's a lot that has to happen for that to occu
lew the individual and what jack lew has stood for historically in his career and more about this administration's fiscal policy you can expect to see these confirmation hearings will be a proxy for the looming debt ceiling debate and other debates going forward about the administration's fiscal plan. >> woodruff: jared, whator all does this choice say about what the president's priorities are when it comes to the economy? >> i think it says two things. one is that the president...
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Jan 10, 2013
01/13
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lew the individual and what jack lew has stood for historically in his career and more about this administration's fiscal policy you can expect to see these confirmation hearings will be a proxy for the looming debt ceiling debate and other debates going forward about the administration's fiscal plan. >> woodruff: jared, whator all does this choice say about what the president's priorities are when it comes to the economy? >> i think it says two things. one is that the president wants jack lew there for these upcoming fiscal deadlines. the sequestration the debt ceiling, things like that. he knows that jack is not just a tough negotiator and i think this next point has gotten mixed he's a successful negotiator. i know republicans are complaining because he took a tough line back in 2011 with a lot of tea party folks but in fact he's been closing deals for 30 years the second thing is jack understands what it means a very important part of the president's second term agenda. he understands what it means to get our debt on a sustainable trajectory. there's a lot that has to happen for that to occur.
lew the individual and what jack lew has stood for historically in his career and more about this administration's fiscal policy you can expect to see these confirmation hearings will be a proxy for the looming debt ceiling debate and other debates going forward about the administration's fiscal plan. >> woodruff: jared, whator all does this choice say about what the president's priorities are when it comes to the economy? >> i think it says two things. one is that the president...
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Jan 10, 2013
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i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited fiscal resources. now like jack, i've spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. and i feel incredibly fortunate that my wife, carol, and my family, have been willing to allow me to do this. and i thank them for their support and their patience and i understand their occasional impatience. i want to express my admiration and my appreciation for the women and men of the treasury department. those who came t
i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited...
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Jan 10, 2013
01/13
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jack lew gets the nod for new treasury secretary. senator jeff sessions is outraged and vowing to block lew's senate confirmation. he will join us to explain why. >>> why this flu epidemic is making our economy sick. experts say we're looking at a possible $10 billion hit on the economy from the flu. that is what we need. details are coming up. >>> how much is an oscar really worth to a movie? the 2013 academy award nominees are out. studios dropped 10 of millions of dollars on their oscar campaigns. a top industry expert is here to crunch the numbers. even when they say it's not, it is always about money. melissa: we start today with another school shooting. it happened at taft union high school in california. one student was shot. the sheriff says they have one suspect in custody. makes the meetings on gun control today, on capitol hill even more urgent. the fact that vice president joe biden met with the nra and other gun rights activists on possible new federal regulation. at the same time attorney general eric holder was talking
jack lew gets the nod for new treasury secretary. senator jeff sessions is outraged and vowing to block lew's senate confirmation. he will join us to explain why. >>> why this flu epidemic is making our economy sick. experts say we're looking at a possible $10 billion hit on the economy from the flu. that is what we need. details are coming up. >>> how much is an oscar really worth to a movie? the 2013 academy award nominees are out. studios dropped 10 of millions of dollars...
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Jan 9, 2013
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but jack lew is opposite of that. he thinks he las the set of skills he needs among candidates to replace jack lew as chous chief of staff. one source tells me set leading candidate. we will see if that announcement is made tomorrow as is jack lew for treasury. >> if jack lew is secretary treasury, it'll look something like this, whatever that is. accidentally, tim geithner had a different signature but changed it for the green back. ma maybe jack lew will do the same. >> the power the new treasury hassle have the power to shape. but is this is real risk? fresh off a multiyear run at tcw, first off, congratulations of being a self-employed business man. >> thank you, very much. >> now all of the bills fall to you. >> yes. >> but it is always ladies first. >> glad to hear it. first off, jack lew, no doubt his commitment to dc. my problem is his commitment to dc. he only served out of d.c. one year in the hedge fund department. is he the right man for the job? >> listen, i think you raise an important point. i think wha
but jack lew is opposite of that. he thinks he las the set of skills he needs among candidates to replace jack lew as chous chief of staff. one source tells me set leading candidate. we will see if that announcement is made tomorrow as is jack lew for treasury. >> if jack lew is secretary treasury, it'll look something like this, whatever that is. accidentally, tim geithner had a different signature but changed it for the green back. ma maybe jack lew will do the same. >> the power...
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Jan 11, 2013
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professor black, your assessment of jack lew? >> on financial matters, jack lew has been a failure of pretty epic proportions. he gets promoted precisely because he is willing to be a failure, and is a useful to wall street interests. so you have mentioned two of the things in terms of most important and most destructive deregulation under president clinton by statute. but he was also there for much of the regulation by rule and strong proponent of it, and he was there for much of the cutting of staff, for example, the fdic lost three-quarters of its staff and a huge loss began under clinton. and the whole reinventing government, lou was a strong supporter of that. we were taught, instructed by washington that we were to refer to banks as our clients and our role as regulators, and to think of them as clients. he goes from there to wall street where he was a complete failure. you noted that part of what citicorp did was a bet that housing would fall. that is one of their winning bets. the action made a bunch of losing bets as wel
professor black, your assessment of jack lew? >> on financial matters, jack lew has been a failure of pretty epic proportions. he gets promoted precisely because he is willing to be a failure, and is a useful to wall street interests. so you have mentioned two of the things in terms of most important and most destructive deregulation under president clinton by statute. but he was also there for much of the regulation by rule and strong proponent of it, and he was there for much of the...
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Jan 10, 2013
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what about now with jack lew? brian jacobson chief portfolio strategist at wells fargo joining us now from milwaukee wisconsin. at first look, what do you think? >> well, i think this is an example where we will probably see history not necessarily repeat but it will most likely rhyme with what happened when geithner made his first speech. i'm not all that confident that lew is going to be a good replacement for geithner. i think he's not a very unifying individual. he's more of a polarizing figure. and it makes it more likely that the next two years until the midterm elections that we could see more battles and skirmishes in washington, d.c. as opposed to fewer. dagen: what would you like to see as a stock investor? >> a treasury secretary who is more focused on building compromise. but think the lesson we learned in the debate last year when there was discussion about debt ceiling is that lew is one of these types of individuals who very politically savvy but that doesn't necessarily equate to being a statesman
what about now with jack lew? brian jacobson chief portfolio strategist at wells fargo joining us now from milwaukee wisconsin. at first look, what do you think? >> well, i think this is an example where we will probably see history not necessarily repeat but it will most likely rhyme with what happened when geithner made his first speech. i'm not all that confident that lew is going to be a good replacement for geithner. i think he's not a very unifying individual. he's more of a...
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but does jack lew have what it takes? we'll talk about it, after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> aig has decide not to joiven a lawsuit by former ceo hank greenberg against the u.s. government. greenberg claims the company's 2008 bailout was unfair to shareholders. aig says it won't let greenberg's firm pursue its claims on the company's behalf. the ceo told cnbc joining the suit isn't in aig's best interest. and while the terms of the lawsuit may hav
but does jack lew have what it takes? we'll talk about it, after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save...
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Jan 12, 2013
01/13
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CNNW
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jack lew is an inside man. as long as the world doesn't implode, americans much less the world will pay little attention to who heads the u.s. treasury. what do you think? >> what do i think? it's really very simple. simple once again. it's not as easy as it's now a domestic issue with the budget battle. if only it were. this is all about who the man is and what does he bring to the table. if we look back at treasury secretaries, paul o'neill and john snow, they were major men in their own industries. but they didn't -- >> nobody remembers. >> nobody remembers them and they were not huge successes. lloyd benson even. look at what he was. a great man in his field. but did not bring much to the table. now you look at paulson, geithner, summers, ruben, morgan, you don't remember him any more than i do, but the fact is they were the men who actually were able to make the treasury work. now, there's no doubt jack lew comes with the authority of the president and the white house. but he has to go further than that. h
jack lew is an inside man. as long as the world doesn't implode, americans much less the world will pay little attention to who heads the u.s. treasury. what do you think? >> what do i think? it's really very simple. simple once again. it's not as easy as it's now a domestic issue with the budget battle. if only it were. this is all about who the man is and what does he bring to the table. if we look back at treasury secretaries, paul o'neill and john snow, they were major men in their...
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Jan 10, 2013
01/13
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jack lew, does he change things? obviously, we know he's in favor of big government, big spending, probably face a big fight for his confirmation. jack, do you think that changes anything for your markets outlook? >> it doesn't for me. i think the biggest change we're going to see right away is just new signatures on our currency. beyond that, you know, the treasury has at least under geithner in the second term here has really sort of backed away from center stage giving, handing the baton mostly to the fed. you know, whether lew takes a more activist role, he certainly is an obama loyalist, remains to be seen. i will say, you know, there's probably a little more contention in washington surrounding jack lew than there is, perhaps, on wall street right now. ashley: all right, jack. let me bring you in -- david, i'm sorry. jack, you had, we've heard from you. let's bring in david on where investors can make money in this market. what do can you like spa why? -- and why? >> sure. well, i'll make a comment on commoditi
jack lew, does he change things? obviously, we know he's in favor of big government, big spending, probably face a big fight for his confirmation. jack, do you think that changes anything for your markets outlook? >> it doesn't for me. i think the biggest change we're going to see right away is just new signatures on our currency. beyond that, you know, the treasury has at least under geithner in the second term here has really sort of backed away from center stage giving, handing the...
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in terms of whether jacks lew changes anything, you're right the president makes the policy. now, sometimes you can have a treasury secretary that can have an influence like if you have a robert ruben kind of person who had a heavy influence on bill clinton and got him to see how important reducing the deficit was. but obama seems to choose people who are just going to execute, not actually make policy. stuart: okay. dream on kirsten, dream on. i've got to break in for a second. news just in from the news conference for the f.a.a. secretary ray lahood has been holding. >> we believe this is a safe aircraft, talking about the 787 dreamliner, of course referring to the boeing dreamliner, saying look, it's safe. this is what the f.a.a. is saying at the news conference, announcing the review of the dreamliner and that's the conference held right now. boeing stock is down a buck and a half on that. now this: snow in jerusalem, lowest temperature there in decades. lowest temperature in china in three decades. however, the u.s. saw its warmest year on record last year and we've got
in terms of whether jacks lew changes anything, you're right the president makes the policy. now, sometimes you can have a treasury secretary that can have an influence like if you have a robert ruben kind of person who had a heavy influence on bill clinton and got him to see how important reducing the deficit was. but obama seems to choose people who are just going to execute, not actually make policy. stuart: okay. dream on kirsten, dream on. i've got to break in for a second. news just in...
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it is up to the united states senate whether or not to confirm jack lew. the white house is selling this as a transition. that, by the way, is construction for the or parade here, the inaugural parade, if you heard the loud crash. the transition that you have now from really a rescue job that treasury secretary geithner was asked to do at the beginning of the administration now to one of budgeting. jack lew, the budget chief in the clinton administration, in the obama administration in the white house is basically saying that's why they chose him, the mastery of the federal budget. >> jack knows that every number on a page, every dollar we budget, every decision we make has to be an expression of who we wish to be as a nation. our values. the values that say everybody gets a fair shot at opportunity. and says that we expect all of us to pull fill our or individual obligations. >> reporter: republicans say that the lack of willingnesses to address entitlement spending and saying signals that the president -- this is senator mike lee -- will continue to purs
it is up to the united states senate whether or not to confirm jack lew. the white house is selling this as a transition. that, by the way, is construction for the or parade here, the inaugural parade, if you heard the loud crash. the transition that you have now from really a rescue job that treasury secretary geithner was asked to do at the beginning of the administration now to one of budgeting. jack lew, the budget chief in the clinton administration, in the obama administration in the...
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Jan 10, 2013
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jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the budget office and being the chief of staff for the president, the debt crisis has gotten much worse. i don't look at that reference and say, gee, this is a guy who is really going to fix the problem and i do think what we need in washington is he's been in washington in and out of government for 25 years and i guess my philosophy is, why not bring in some new faces, granted they are going to have the president's philosophy but maybe looking at new approaches to bringing this enormous debt down. >> steve, do you remember his record
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the...
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Jan 10, 2013
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jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against bill ackman's damning allegations. we'll have the latest and the ceo join us later in the show. >>> well, today president obama is set to nominate white house chief of staff jack lew as his next treasury secretary. succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a fo
jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against...
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Jan 10, 2013
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i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you know, geithner's for it. or it helps to say paulson was for it. it helps to say robert reuben is for this. and in this case they won't necessarily be able to make that. but they don't -- see where i disagree with you, i don't think they care that they don't sell it. they don't need to sell it. >> i don't care if they care. they should care. it does matter. we are entering really interesting times when it comes to a need to rethink our corporate tax system, rethink our individual tax system. rethink entitlements. all of these things. it would have been,
i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you...
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lew is concerned what will be top of the agenda then what needs to be done going forward. he majorly moved will need to move towards get in the talks on the debt ceiling in place it would also be for him to create the platform from which. obama is reflecting his view that he wants to do something about his legacy u.s. is still facing huge reforms needed in particularly in the health care costs where health costs over the next ten years will double in percent of the g.d.p. so there's still a lot to be done and i think appointing a somewhat more political person to the choices second chair will also indicate that obama means business is terrific doing this and in terms of ways to tackle the debt then there's been talk of a one trillion dollar platinum coin to be minted as a way to resolve the over sixteen trillion dollar debt do you see this is feasible is it crazy is it is a good idea how do you see this. theoretically is a very good idea isn't it if you have too much state you can just mend some coins and you're out of your trouble of course i think clearly this is just th
lew is concerned what will be top of the agenda then what needs to be done going forward. he majorly moved will need to move towards get in the talks on the debt ceiling in place it would also be for him to create the platform from which. obama is reflecting his view that he wants to do something about his legacy u.s. is still facing huge reforms needed in particularly in the health care costs where health costs over the next ten years will double in percent of the g.d.p. so there's still a lot...
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Jan 10, 2013
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speaking of jack lew, he may want to do something about his signature. right now it is a series of curly writing. his signature would be on every u.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one of each of those. at auto show starts at 10:00 and runs through -- at 10:00 this morning and runs through sunday. >> i'll take one for sal and one for me and you and steve. >>> if you want to get into your hot rod or whatever car you use, you need to give yourself some extra time in this commute. 680 southbound is going to be a little bit slow. there are no major problems if you are driving at the bay bridge toll plaza but seems a touch lighter than usual. and it's not all that bad on the bridge itself. traffic looks good, a little bit of wet roads and you might even encoun
speaking of jack lew, he may want to do something about his signature. right now it is a series of curly writing. his signature would be on every u.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one...
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Jan 11, 2013
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host: jack lew coming in, and he was the president's point person. does that give you any confidence on budgets considering his background? caller: no, his background is just as bad. he practiced law for a few years, but he is basically a politician who used to work for tip o'neill. he does not care anything about economic growth. when the you hear any obama administration official talking about economic growth? that is what is needed, not more government programs that just run up debt. who is going to pay the debt back? host: ran on the independent line. caller: i am calling about timothy geithner exactly and the whole federal resolve -- reserve, for that matter. people are making like me of timothy geithner 0 in tax money. i do not make lightly of that. he came in a 0 in tax money knowing that he owed tax money. he was thinking he was above it anyway. that is one point. the second, our unemployment rate is sky-high under timothy geithner. the national debt is sky high under timothy geithner. third, we have lost our national credit rating, our world
host: jack lew coming in, and he was the president's point person. does that give you any confidence on budgets considering his background? caller: no, his background is just as bad. he practiced law for a few years, but he is basically a politician who used to work for tip o'neill. he does not care anything about economic growth. when the you hear any obama administration official talking about economic growth? that is what is needed, not more government programs that just run up debt. who is...
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jack lew with replace geithner. he is currently the chief of staff. he previously served as budget director and was an executive at citigroup. >>> a crazy new signature will be on our money if the president gets his way of this is how jack lew signs his name. the white house says he has no plans to improve his penmanship so start checking the ones. >>> vice president joe biden will meet today with the national rifle association and executives from walmart one of the nation's biggest gun retailers. cbs reporter susan mcginnis says, this is part of a series of meetings this week in an effort to change gun control laws. >> reporter: customers outside washington, d.c. say they are keeping a close eye on gun cell talks taking place inside the beltway. >> i don't think restricting, you know, people's right to -- second amendment rights would be a solution here. >> reporter: cbs news has learned the white house is looking at several new laws including reinstating the assault weapons ban that expired in 2004, extending criminal and mental health background ch
jack lew with replace geithner. he is currently the chief of staff. he previously served as budget director and was an executive at citigroup. >>> a crazy new signature will be on our money if the president gets his way of this is how jack lew signs his name. the white house says he has no plans to improve his penmanship so start checking the ones. >>> vice president joe biden will meet today with the national rifle association and executives from walmart one of the nation's...
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Jan 10, 2013
01/13
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today president obama will nominate jack lew for treasury secretary. currently the chief of staff steps into the job at a very critical time. his experience as an administration insider and budget grew will be quickly put to the test. -- budget guru will quickly be put to the test. lawmakers me to address the automatic spending cuts they put off in order toch a last- minute fiscal cliff deal. lew may be getting a lot of attention for this his signature that will soon be put on newly-printed money. >> are you working on his signature? >> not that i am aware of. >> this is also drawing criticism. for the first time in years, all the cabinet positions will be held by men. john brennan at the cia and john kerry secretary of state. "the new york times" published this photograph yesterday. only men are visible. the white house fired back. >> women serve a key position and policy here as they do in the administration. overall 43% of his appointees have been women, including two high-profile supreme court justices. >> as the gun control debate heats up, price
today president obama will nominate jack lew for treasury secretary. currently the chief of staff steps into the job at a very critical time. his experience as an administration insider and budget grew will be quickly put to the test. -- budget guru will quickly be put to the test. lawmakers me to address the automatic spending cuts they put off in order toch a last- minute fiscal cliff deal. lew may be getting a lot of attention for this his signature that will soon be put on newly-printed...
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. >> president obama's cabinet shuffle continued today when he nominated jack lew for treasury secretary. he will have to hit the ground running. the nation is society to hit the borrowing limit at the end of january. the president insists lew is ready. >> having lew on your team is the equivalent of a culture to have the luxury of putting anyone in a position and knowing he will do well. >> president obama considered resending the nomination after seeing lew's signature which would be on all currency if confirmed. rick santorum is launching a campaign to defeat the nomination of rick hagel. he says hagel "antiisrael pro iran mindset makes him unqualified for the pentagon job." president obama nominated hagel on monday. >> we're now learning that it sequestration could mean a month-long furlough for civilian employees at the military. the plan requires $45 billion in budget cuts including a 15% cut in payroll. the pentagon says they are studying other options. >> the race is on for a new location for the f.b.i. political leaders from virginia are making their pitch to replace the hoover
. >> president obama's cabinet shuffle continued today when he nominated jack lew for treasury secretary. he will have to hit the ground running. the nation is society to hit the borrowing limit at the end of january. the president insists lew is ready. >> having lew on your team is the equivalent of a culture to have the luxury of putting anyone in a position and knowing he will do well. >> president obama considered resending the nomination after seeing lew's signature which...
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i think jack lew is an exceptionally good choice to be secretary of treasury. this is not about saving detroit. it's not about the banking system coming to collapse. we're in a fiscal and budgetary bind of historic proportion and it's going to be congress to a great degree and the white house. and i think that anybody who has been twice budget director, judy, 30 years ago, jack lew was negotiating for the speaker of the house o thomas p o'neill when they were doing the greenspan commission on social security between ronald reagan's white house and the democrats in the house. i mean his experience is-- he doesn't have pan ach, he doesn't have dash, he's not gng to give you, you know, two colourful things. he's to the going to talk off the record like that the. but i just think he is a great choice. >> quickly, some conversation this week about lack of diversity so far in the president's pick. should we be -- >> you know, ruth marcus said he should have had some binders full of women. you for example i do think ruth made the point that there is not a lot-- there'
i think jack lew is an exceptionally good choice to be secretary of treasury. this is not about saving detroit. it's not about the banking system coming to collapse. we're in a fiscal and budgetary bind of historic proportion and it's going to be congress to a great degree and the white house. and i think that anybody who has been twice budget director, judy, 30 years ago, jack lew was negotiating for the speaker of the house o thomas p o'neill when they were doing the greenspan commission on...
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Jan 10, 2013
01/13
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FOXNEWSW
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president nominated jack lew as the treasury secretary. it has been met with vigorous opposition by some on capitol hill. we'll have report and analysis from brit hume. 14 died in boston and 18 in state of massachusetts as the nationwide flu outbreak continues. we have a live report. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> eric: welcome back. i've been asking the question is american culture in declin decline. first up, scott thompson, english teacher is accused of pulling the flag off the wall and stomping on it in front of students feoffment speech or is american culture in decline. bob, taking the flag off the wall, stomping on it in front of kids? >> bob: it's terrible. i think there are laws against defacing a flag. not sure that he is not in that territory. to do it in front of kids, i'm not sure what the point was. he said it's cloth. it's more than cloth. represents a lot of thing. >> kimberly: fire him. this is outrageous. i would be so angry i would literally pro
president nominated jack lew as the treasury secretary. it has been met with vigorous opposition by some on capitol hill. we'll have report and analysis from brit hume. 14 died in boston and 18 in state of massachusetts as the nationwide flu outbreak continues. we have a live report. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> eric: welcome back. i've been asking the question is american culture in declin...
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Jan 10, 2013
01/13
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KGO
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. >> right now in washington, president obama has officially nominated jack lew for treasury secretary. that announcement was made last than half an hour ago. he is if line to replace geithner. last year, he was chosen to be the president's chief of staff and has a reputation as a tough marketers. republicans claim he is few unyielding in past fiscal negotiations but he will unlawful be nominated for secretary of penmanship. can you read that signature? can you read that signature? it will be appearing on all u.s. money if he is confirmed and he will try to improve his handwriting. >> can we forge that? same reason i could never be treasury secretary, either. >> that was interesting. glad he doesn't write prescriptions. now, going outside, you can see the clouds are out there. i will keep the showers in the forecast going today and the cold air comes in tonight with the showers and that is the lingering legacy of the storm system and a chance of showers during the 49ers and packers playoff game. i will give you an update on that. >> the oscar nominations are out and we will go >> movie
. >> right now in washington, president obama has officially nominated jack lew for treasury secretary. that announcement was made last than half an hour ago. he is if line to replace geithner. last year, he was chosen to be the president's chief of staff and has a reputation as a tough marketers. republicans claim he is few unyielding in past fiscal negotiations but he will unlawful be nominated for secretary of penmanship. can you read that signature? can you read that signature? it...
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Jan 10, 2013
01/13
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KPIX
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it's hard to know where to begin. >> jack lew has a symbolic squiggly signature. if he cares about his legacy if he cares that people can read his handwriting, he'll adjust his handwriting and be more transparent. >> the white house won't say whether or not lew will work on his penmanship. they say it's easy to forge. not a comforting thought when you think about a treasury secretary. if you're thinking, well, my signature has issues of its own. nobody has asked me to be treasury secretary and definitely never will. >> thank you, major. what's interesting about this is why does he sign his name that way? >> i don't know, charlie. i was trying to figure out which is the j, which is the "a." you can't tell. do you think he'll change >>> we drink coffee in the >>> we drink coffee in the morning to help us wake up. did you know that coffee might also fight off depression? we'll show you how many cups you may need to stay happy next. >>> and tomorrow cbs news investigates an outbreak of legion nars disease y. would they imply that veterans families are to blame? that's
it's hard to know where to begin. >> jack lew has a symbolic squiggly signature. if he cares about his legacy if he cares that people can read his handwriting, he'll adjust his handwriting and be more transparent. >> the white house won't say whether or not lew will work on his penmanship. they say it's easy to forge. not a comforting thought when you think about a treasury secretary. if you're thinking, well, my signature has issues of its own. nobody has asked me to be treasury...
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there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the u.s. spends more on health care per person compared to other high-income nations, but that doesn't translate to healthier lives, according to a report from the national academy of sciences. read more about the findings on our health page. and poet richard blanco has been chosen to compose and read an original poem for president obama's second inaugural. he is the first hispanic and first gay poet selected for that honor. you can hear him recite some of his work on art beat. all that and more is on our web site newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll exami
there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the...
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Jan 11, 2013
01/13
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CURRENT
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tell me the problem with jack lew. >> so much problems, so few time. the first thing is a lock of integrity. it isn't even so much that he worked for wall street. it's that he was in charge of o.m.d. for president clinton and was one of the important architects of financial deregulation. that's why he's not willing to admit that, because his fingerprints are all over what caused the crisis. >> cenk: so that's interesting. >> if you don't ever integrity you don't get anything. >> cenk: he's part of the guys who deregulate the banks. he goes to the banks gets paid millions of dollars at those banks that deregulation causes those banks to crash. becoming the director of the office of management and budget, then chief of staff now secretary treasury. it's almost as if they reward failure in washington. >> it's not almost. i said this about geithner, that he was selected precisely because he had a track record of consistent failure and louis a worthy successor. on every important financial issue, he has been as wrong as it is possible to be wrong he's cause
tell me the problem with jack lew. >> so much problems, so few time. the first thing is a lock of integrity. it isn't even so much that he worked for wall street. it's that he was in charge of o.m.d. for president clinton and was one of the important architects of financial deregulation. that's why he's not willing to admit that, because his fingerprints are all over what caused the crisis. >> cenk: so that's interesting. >> if you don't ever integrity you don't get anything....
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Jan 10, 2013
01/13
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WBAL
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jack lew will be nominated secretary of the treasury replacing tim geithner. >> the cathedral in washington will host same-sex weddings. it will be among the first of the episcopal churches to allow same-sex weddings. each priest will make the decision. session opened amid controversy. and expressing reservations about the proposed legislation to leverage millions of dollars for school renovations. david collins has more. >> this is delightfully brown water. >> they greeted lawmakers on the return to the state house. they want to put a hold on drilling for natural gas until and unless they state completes a study of risks. legislatures were -- legislators were challenged to take a taste test. the 2013 session did not open quietly. they expressed reservations about the construction aid. it would use the funds to float bonds, to leverage to $0.40 billion for building repairs. >> is done in other states and is legal. it does not hurt the spending affordability of the state of maryland. it does not affect marylanders bond rating at all. the senate president replaced a member of the committee. s
jack lew will be nominated secretary of the treasury replacing tim geithner. >> the cathedral in washington will host same-sex weddings. it will be among the first of the episcopal churches to allow same-sex weddings. each priest will make the decision. session opened amid controversy. and expressing reservations about the proposed legislation to leverage millions of dollars for school renovations. david collins has more. >> this is delightfully brown water. >> they greeted...
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Jan 9, 2013
01/13
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FOXNEWSW
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>> well, jack lew a favorite of president obama because he has serious knowledge of the federal budgets. he has a no drama style. he has been serving this president in a very high profile capacity since president obama took office as white house chief of staff and before that as the director of the office of management and budget. lew has served as director of those two big jobs. bottom line is we are told that he is well-trusted well regarded here at the white house, shep? >> probably not a household name everywhere but well known in washington, jack lew. >> no question about that certainly with those two high profile jobs here at the obama administration over the past four years has been engaged in some tough negotiations with lawmakers on capitol hill. this photo we are showing you is from new year's eve. is he on the right wearing glasses and a blue tie. and bottom line the top republican on the senate budget committee says while he offered this prediction about the confirmation battle. >> it is a bumpy confirmation process. i think the american people need to know that the secretar
>> well, jack lew a favorite of president obama because he has serious knowledge of the federal budgets. he has a no drama style. he has been serving this president in a very high profile capacity since president obama took office as white house chief of staff and before that as the director of the office of management and budget. lew has served as director of those two big jobs. bottom line is we are told that he is well-trusted well regarded here at the white house, shep? >>...
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Jan 10, 2013
01/13
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CNBC
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perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something called the great lakes restoration initiative. not eliminating it, just cutting it by maybe a quarter of its present cost. a sav
perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something called the great lakes restoration initiative. not eliminating it, just cutting it by maybe a quarter of its present cost. a sav
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Jan 12, 2013
01/13
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KQED
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gwen: jack lew, the choice for treasury -- >> as a kid growing up in queens, i had dreams of making a difference in the world. gwen: john brennan at the c.i.a., and john kerry at state. key advisers whose actions could define the obama legacy. plus, tackling two prickly issues -- u.s. involvement in plus, tackling two prickly issues -- u.s. involvement in afghanistan --
gwen: jack lew, the choice for treasury -- >> as a kid growing up in queens, i had dreams of making a difference in the world. gwen: john brennan at the c.i.a., and john kerry at state. key advisers whose actions could define the obama legacy. plus, tackling two prickly issues -- u.s. involvement in plus, tackling two prickly issues -- u.s. involvement in afghanistan --
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Jan 10, 2013
01/13
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KPIX
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obama is expected to nominate his chief of staff jack lew to be the secretary of treasury. lieu was the director of the office of management and budget during the clinton administration. back then he helped negotiate a balanced budget deal with congress. if confirmed lew will replace timothy geithner. and labor secretary hilda solis announced she is resigning. she's expected to return to california. she's running for board on the county board of supervisors. three are staying on. eric holder, kathleen sebelius and eric shinseki are staying on. >>> this year's deadly flu outbreak is worsening nationwide. the flu is so bad in boston the city has declared a public health emergency. free vaccinations are now being offered. ines ferre has our report. >> reporter: the flu hasn't been this bad in boston for years, more than 700 cases have been confirmed so far and statewide 18 people have died. city health officials are preparing for it to get worse. >> in the last two weeks alone we've doubled our number. so if we continue this rate to see new cases, we'll have an explosion of fl
obama is expected to nominate his chief of staff jack lew to be the secretary of treasury. lieu was the director of the office of management and budget during the clinton administration. back then he helped negotiate a balanced budget deal with congress. if confirmed lew will replace timothy geithner. and labor secretary hilda solis announced she is resigning. she's expected to return to california. she's running for board on the county board of supervisors. three are staying on. eric holder,...
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Jan 9, 2013
01/13
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KQED
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there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the u.s. spends more on health care per person compared to other high-income nations, but that doesn't translate to healthier lives, according to a report from the national academy of sciences. read more about the findings on our health page. and poet richard blanco has been chosen to compose and read an original poem for president obama's second inaugural. he is the first hispanic and first gay poet selected for that honor. you can hear him recite some of his work on art beat. all that and more is on our web site newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll exami
there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the...
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Jan 10, 2013
01/13
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WRC
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this afternoon, president obama will nominate jack lew secede timothy geithner as secretary. he's currently the white house chief of staff and budget director. he will be nominated at 1:30 this afternoon and we'll stream it live on nbcwashington.com. don't miss it. >>> talk about funny money, cash may look loopy if lew is confirmed. doesn't this look like a scribble? it's his signature. the treasury secretary's signature appears on all printed money so these loops may pop up on fives, tens and 20's. outgoing treasury secretary timothy geithner's signature improved greatly when he took office. >>> the president is also now looking for a new labor secretary. hilda solace resigned yes and will likely return to california and run for a seat on the los angeles county board of supervisors. three say they'll stay on, attorney general eric holder health & human services secretary kathleen sebelius. look closely at president obama when he takes the oath of office during his second inauguration. you'll notice he'll have his hand on two bibles. one was used by abraham lincoln and the ot
this afternoon, president obama will nominate jack lew secede timothy geithner as secretary. he's currently the white house chief of staff and budget director. he will be nominated at 1:30 this afternoon and we'll stream it live on nbcwashington.com. don't miss it. >>> talk about funny money, cash may look loopy if lew is confirmed. doesn't this look like a scribble? it's his signature. the treasury secretary's signature appears on all printed money so these loops may pop up on fives,...
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Jan 10, 2013
01/13
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KOFY
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. >> right now in washington, president obama has officially nominated jack lew for treasury secretary. that announcement was made last than half an hour ago. he is if line to replace geithner. last year, he was chosen to be the president's chief of staff and has a reputation as a tough marketers. republicans claim he is few unyielding in past fiscal negotiations but he will unlawful be nominated for secretary of penmanship. can you read that signature? can you read that signature? it will be appearing on all u.s. money if he is confirmed and he will try to improve his handwriting. >> can we forge that? same reason i could never be treasury secretary, either. >> that was interesting. glad he doesn't write prescriptions. now, going outside, you can see the clouds are out there. i will keep the showers in the forecast going today and the cold air comes in tonight with the showers and that is the lingering legacy of the storm system and a chance of showers during the 49ers and packers playoff game. i will give you an update on that. >> the oscar nominations are out and we will go ron: yea
. >> right now in washington, president obama has officially nominated jack lew for treasury secretary. that announcement was made last than half an hour ago. he is if line to replace geithner. last year, he was chosen to be the president's chief of staff and has a reputation as a tough marketers. republicans claim he is few unyielding in past fiscal negotiations but he will unlawful be nominated for secretary of penmanship. can you read that signature? can you read that signature? it...
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Jan 11, 2013
01/13
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CURRENT
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. >> cenk: jack lew. >> jennifer: oh, i see you're going to fry him. he's not a guest. >> cenk: no. >> jennifer: cenk, cenk, cenk, honestly he's good guy. >> cenk: we're going to talk to william black one of the regulators on the s & l crisis. he thinks jack lew having worked for the banks is a significant issue. we'll talk about that. i want to talk about progressive victories as well, and victory after victory is the gay rights groups, which is great. they had an anti-gay pass taken out of the inauguration. how did they do it? i think a lot of progressives can learn from the gay rights movement. and then the press conference on guns control was interrupted by a gun shooting. >> jennifer: yes, i'm interested in the pastor who was pulled out. it's interesting how it was phrased, he decided to pull himself out but there is a lot going on behind the scenes and that's what you're looking at. >> cenk: absolutely. anyone who withdraws oh, i didn't want to cause a distraction, but normally it's the progressives who is withdrawing. how do progressives get tha
. >> cenk: jack lew. >> jennifer: oh, i see you're going to fry him. he's not a guest. >> cenk: no. >> jennifer: cenk, cenk, cenk, honestly he's good guy. >> cenk: we're going to talk to william black one of the regulators on the s & l crisis. he thinks jack lew having worked for the banks is a significant issue. we'll talk about that. i want to talk about progressive victories as well, and victory after victory is the gay rights groups, which is great. they...